Day: May 16, 2022

  • Ways to Build Credit: How to Use Car Loans to Help Build Credit

    Ways to Build Credit: How to Use Car Loans to Help Build Credit

    Did you know that the average credit score in Canada is 667? Your credit score holds many factors that affect your day-to-day life. Your credit score determines whether a business will approve a loan or a mortgage, how much you’ll pay for car insurance, and how much of a deposit you’ll have to leave on a…

  • How Long Are Car Loans? What You Need to Know

    How Long Are Car Loans? What You Need to Know

    In 2021, over 1.5 million new vehicles were registered in Canada. As COVID-19 restrictions are lifted, people all over the world are returning to work and need new cars. Many people purchase their vehicles outright, but car loans are a popular purchasing option. Many new car buyers only look at the monthly payments and overall cost of…

  • What Is the Car Depreciation Curve? A Closer Look

    What Is the Car Depreciation Curve? A Closer Look

    Did you know that a new car loses an average of 11% of its value the moment you drive it off the lot? This isn’t good considering the car would be brand new. This is also something that can throw consumers off of the trail of a brand new car. Think about this as well, within the…

  • How to Find the Best Used Cars in Canada

    How to Find the Best Used Cars in Canada

    Are you looking to buy one of the best-used cars in Canada? There are many options you can choose from. Getting a car is not easy if you don’t have much money to throw around. However, there are still options for everyone. You just need to know how to look for them. This article will…